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Passive-income opportunity in a growing neighbourhood, offering five self-contained rental units with reliable R4,500 monthly rent each; seller to provide building plans on acceptance of a full offer.
This unique property presents an outstanding investment opportunity, featuring five well designed rental units on a subdivided stand. Each unit generates a monthly rental income of R4500, offering a strong and consistent return for investors seeking reliable cash flow.
The layout has been thoughtfully arranged to maximize space and tenant comfort, making it highly attractive in the rental market. Please note that there are currently no approved building plans in place.
However, the seller has committed to drawing up plans upon acceptance of a full offer, ensuring added value and peace of mind. This is an ideal opportunity for savvy investors looking to expand their portfolio with a high income generating property in a growing area.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R1,700,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 43 listings in Norkem Park
Insight
Priced close to the median for similar properties.
Similar properties pricing
Market depth
43 similar listings
High similar-home inventory in Norkem Park
Median time on market: 199 days
* Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal. Smart Property Insights Model v1.0
Norkem Park is a well-established, family-oriented residential suburb in Kempton Park that offers convenient access to major transport routes and essential amenities, making it an ideal choice for commuters and growing families.
* Distances and amenities are approximate.
